Keir Starmer says British car manufacturers will support after Trump tariffs | Mint

Prime Minister Keir Starmer told British car manufacturers that the government would support them after US President Donald Trump sent the industry in the unrest last week. “We’re going back to the hill,” Starmer told workers on Monday at a Jaguar Land Rover plant in the West Midlands, who spoke with the chancellor of Treasury Rachel Reeves. “Nobody pretends to be good news. This is a big challenge for our future. ” Starmer spoke just after the US stock exchanges opened with a sea of ​​red numbers, as the effects of Trump’s global rates continued to achieve markets and promote concerns about a global recession. In the UK, the FTSE 100 index was about 3% 3:35 hours lower, which contributed to the more than 6% already lost since the tariff plan was announced. Car manufacturers stop the production temporarily The automotive industry was particularly affected by Trump’s plan to set up a 25% tariff on cars imported in the US, forcing some manufacturers to temporarily stop production or to offer a big discount. Over the weekend, JLR said it interrupted the shipping to the US as it looked at ways to address the new trade conditions, and the launch of Starmer and Reeves on Monday, JLR Adrian Mardell chief executive challenged the government to “solve the” significant threat “that the US rates posed. Starmer repeated the measures announced by the government overnight to help the sector by alleviating the country’s salesmate of electric vehicles, including by having hybrid cars sold up to 2035 and giving manufacturers more flexibility for vehicles until 2030, while retaining a 2030 phase phase phase-out for the sale of combustion engine cars. “These are examples of what we can do quickly, but it is not the scope of my ambition when it comes to car manufacturing or any other business or sector,” he said. “We can go further and faster, and we’ll do it.” The Prime Minister also pointed to efforts to help the pharmaceutical industry, another sector with significant sales to the US. He announced plans to cut the time it takes to set up a clinical trial to 150 days of 250 days, as well as an £ 600m ($ 770m) investment in health data and Cambridge research. Starmer tries to show that he is on the forefoot in response to Trump’s rates, and this weekend he kept calls with international leaders, including French President Emmanuel Macron and European Commission President Ursula von der Leyen to discuss how to respond. The UK is also trying to negotiate its own economic agreement with the US, and the talks that Starmer said is underway. “Obviously, we will continue to talk to the US about an agreement to alleviate the situation,” he said. ‘At a moment like this, we must form our future. We must act. We cannot be chewed. ‘ When asked about the future of British Steel, preparing to close the British two last mere ovens and a possible nationalization, Starmer said all options were on the table.